Product ID: SQSG15A2044
Global Silane Market Size, Share, Growth Analysis, By Product(Alkyl silane, sulphur silane), By Type(Organo-functional silane, mono/chloro silane), By Application(Paints, coatings) - Industry Forecast 2024-2031
Report ID:
SQSG15A2044 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
98 |
Figures:
75
Global Silane Market Insights
Silane Market size was valued at USD 2.7 billion in 2019 and is poised to grow from USD 2.83 billion in 2023 to USD 4.05 billion by 2031, growing at a CAGR of 4.6% in the forecast period (2024-2031).
Silane is a chemical compound, derived from a family of silicon and other atoms such as carbon, nitrogen and hydrogen. Silane consists of chain of silicon atoms which are bounded covalently to hydrogen atoms. It greatly improves wetting property, compression strength, shear strength and others, where it is used in various industrial and medical applications. The silane market is rapidly growing owing to rising consumption in paint & coating. Building and construction activity is growing in developing regions such as Asia Pacific, Middle & East Africa which results in increasing demand for paint & coatings.
Factors such as high automotive production, bolstering the growth of the construction sector, increase in renewable power generation capacity and high production of textile fabrics are driving growth of the silane market. Furthermore, the product is an important component in the electronics industry, as silane gas is widely used in semiconductors, which are ultimately an integral component in the electronics industry. The growing demand for electronic gadgets and devices around the world is expected to continue to be a major contributor to the market.
Rising environmental consciousness has increased the demand for highly efficient, solvent-free, and UV-cured coatings, resulting in an increase in the use of silane in the formulation of solvent-free coatings. These elements are expected to propel the paints and coatings application segment.
US Silane Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Silane Market Report Snapshots
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